The Global Economic Crisis and the Cohesion of Europe

Three EU-based human geographers argue for the need to contextualize the meaning of the current economic crisis in Europe, pointing to precedents in European history. More specifically, they view Europe (as both a set of practices and ideas) as a product of successive crises that have yielded an unexpectedly resilient structure for the European Union, which retains sufficient flexibility to permit different EU members to adapt their economies to the crisis on their own terms without descending into the disintegrative pull of protectionism. The authors also show how the uneven effects of the economic crisis threaten a renewed east-west divide, and highlight the ongoing relevance of the European Union as a transnational fiscal regime with important implications for EUrope's future. Journal of Economic Literature, Classification Numbers: F130, F150, G010, N130, N140. 1 figure, 1 table, 58 references.